Hilb Group Expands New England Presence with NH P/C Insurance Acquisition
The Hilb Group, LLC, a prominent property and casualty (P/C) and employee benefits insurance brokerage firm headquartered in Richmond, Virginia, has expanded its presence in the New England region through the acquisition of a New Hampshire-based P/C insurance business effective May 1, 2025. This strategic move enhances Hilb Group's footprint in the P/C market across New England, aligning with its broader growth strategy focused on regional expansion and service diversification.
As a portfolio company of The Carlyle Group, a global investment firm, Hilb Group leverages significant resources to fuel growth not only through acquisitions but also organic expansion within its acquired agencies. With a history of more than 190 acquisitions and over 125 offices in 31 states, the company continues to strengthen its market position and service capabilities.
The acquisition reinforces Hilb Group's role as an influential player in the U.S. P/C insurance brokerage sector. It also reflects ongoing consolidation trends within the insurance brokerage industry aimed at enhancing competitive advantage through scale and geographic coverage. The company's accolades include recognition by Business Insurance and Insurance Journal as one of the fastest growing brokers and top P/C agencies, respectively.
For insurance professionals and stakeholders, this acquisition signals continued investment and consolidation momentum in regional markets by large brokerages. It underscores the competitive environment of the P/C insurance brokerage industry, where firms with broader geographic reach and diversified services seek to improve client offerings and operational efficiencies. Regulatory compliance, integration capabilities, and market adaptation remain critical success factors.
Overall, this transaction exemplifies a significant industry trend, with established brokerage firms acquiring regional operations to expand their footprint, streamline service delivery, and capitalize on broader market opportunities across the U.S. insurance landscape. The Hilb Group's actions provide insight into evolving market dynamics and strategic growth patterns in the brokerage sector.